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Posts Tagged ‘HydroWorx’

Manufacturers Tap Faculty for Trends in Health Care

Posted May 28th, 2010 by admin

The prevalence of “non-invasive” and “minimally invasive” surgery, and products that support these procedures, was a hot topic during a brainstorming session between manufacturing company, Die-Tech, and faculty researchers from area health care campuses. Like many companies, Die-Tech is on the look-out to expand their competitive edge and recognizes the value of  faculty expertise located within striking distance of their operation. As an ITN business innovation partner, Die-Tech asked ITN to coordinate a brainstorming lunch with industry trends and innovation as the featured dish.

Reaching into our network, ITN pulled together talent from the Penn State College of Medicine and Lancaster General Health. Both academic institutions understand the need to be connected with industry and the importance of hearing straight from a CEO.  In these meetings, faculty hear first-hand the practical challenges a management team faces from customers and competitors. In turn, the executives hear how new technology is being tried and tested by experts and what impact the new health care regulations are having at premier health care campuses. These insights assist executives like Richard Dennis, President, Die-Tech  and Anson Flake, CEO of HydroWorx, in steering product development and strategic marketing as they aim to develop the answer to specific industry problems.

Millersville University Makes Big Splash at HydroWorx

Posted March 4th, 2010 by admin

HydroWorx CEO, Anson Flake, has extensive experience working with colleges and universities in his line of business. As co-founder of the company, he’s enjoyed success manufacturing and selling premium aquatic therapy pools to big name institutions and organizations in the NFL, MLB, NHL, and NCAA. I sat down with him to better understand the impact academia, and ITN, could have on expanding a business like his.

In Pa, ITN has assisted HydroWorx by connecting the company with talented faculty in graphics & design, and business at one of our members, Millersville University. Together the faculty pair led a select group of students as they compiled and ultimately presented their findings on market research and competitive analysis to company executives. From Anson’s view, the collaborative opportunity injected a small team into his company for a short-term, specialized project. As he put it, a faculty team identified by ITN is like having your own scout for research talent. ITN did the searching, calling, and connecting of faculty in his designated sweet spot while faculty did the heavy lifting guiding, leading, and supporting students as they addressed real-world issues from HydroWorx.  

According to Anson, ITN’s model of representing a group of small colleges and universities is both a pre-launch and post launch opportunity for companies. Pre-launch involves demographics, market validation, product development, packaging, messaging, the works. Post launch is all about studies to confirm and validate the product deliverable, lending further credibility to the product once it lands squarely in the market.  With so many experienced faculty to choose from, across such a broad spectrum, the odds of finding the right fit are equally as good, if not better, than working with only one institution.

For students, the experience is one more notch on the belt for those seeking every advantage in building their portfolio and getting a foot in the door as a future hire. In this case, the Millersville student’s successful data collection and information analysis was integrated into HydroWorx existing research and is being used to enhance their decision-making process. These budding professionals got the chance to understand working on a specific timeline, under pressure, and making presentations that had an impact on real business decisions, and then hearing the feedback. All while calling a dorm room home.

Back at ITN, we’ll continue to work on the challenges - coordinating schedules, improving communication, and increasing face time between companies, students, and faculty, all immersed in crammed schedules. This project was a great chance to get our feet wet with HydroWorx, and now, as we discuss our next joint effort, we’re ready to take the plunge.